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Offering your employees the benefit of a medical aid is something that all employees should be looking into. You will find that their loyalty, productivity and morale improves once they know that they have proper support in place for medical emergencies. In competitive markets having options like a group medical can be an extremely useful incentive for a hiring process or to keep your employees happy and productive.

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There are two main types of group medical aid plans that employers can choose from, namely open or restricted. A closed or restricted medical aid scheme is specific to companies or industries.

The average contribution to a closed medical aid is much lower than an open one, which is highly beneficial to your employees. An open medical aid scheme is more suited to an individual, whereas a restricted or closed scheme is focused towards companies who would like to offer health benefits to their employees.

How do I contribute as an employer?

Some employers pay a percentage of their employees’ medical aid contributions directly into the medical aid scheme.

Other employers offer a full remuneration package. In the case of a CTC package, the employee is responsible for making monthly contributions to a medical aid scheme.